RNS Number : 6986W
Tau Capital PLC
23 April 2019
23 April 2019
Tau Capital plc
("Tau" or "the Company")
Statement re suspension of shares
Tau Capital plc confirms that trading in the Company's ordinary shares on AIM will be suspended with effect from 7:30 a.m. UK time today.
As previous indicated, the Company is classified as an AIM Rule 15 cash shell and as such was required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 ("Reverse Takeover") or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million) on or before the date falling six months from 18 October 2018, failing which, the Company's ordinary shares would then be suspended from trading on AIM pursuant to AIM Rule 40, which is to occur at 7:30 a.m. UK time today.
Trading in the Company's ordinary shares will remain suspended until the completion of a Reverse Takeover, which requires the publication of an admission document and the approval of such a transaction at a general meeting of the Company, or the Company is re-admitted to trading on AIM as an investing company under the AIM Rules. If no such transaction is completed within six months the Company's shares will be cancelled from trading on AIM pursuant to AIM Rule 41.
Further information, please contact: | |||
FIM Capital Limited | Tel: +44 | (0) | 1624 681250 |
Philip Scales | |||
Nominated Adviser and joint-broker | Tel: +44 | (0) | 20 3328 5656 |
Allenby Capital | |||
John Depasquale / Alex Brearley | |||
Joint-broker | Tel: +44 | (0) 20 7469 0930 | |
Peterhouse Capital Limited | |||
Lucy Williams / Eran Zucker |
ENDS
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.
END
SRSEAKLPFFPNEFF
Page 1 of 1
Attachments
- Original document
- Permalink
Disclaimer
Tau Capital plc published this content on 23 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 April 2019 06:18:17 UTC